Banks in the United States

Banks in the United States
Summary

Banks in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers.
  • The US banks industry group recorded assets of $23,232.5 billion in 2023, representing a compound annual growth rate (CAGR) of 6.4% between 2018 and 2023.
  • The bank credit segment accounted for the industry group's largest proportion in 2023, with total assets of $17,281.9 billion, equivalent to 74.4% of the industry group's overall value.
  • In 2023, the revenue of the US banks industry group witnessed an annual growth of 1.2%. The growth is attributed to the rising lending interest rates. According to the Federal Reserve System, in 2023, the lending interest rate in the US reached 7.5%, up from 3.3% in 2021.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in the United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in the United States
  • Leading company profiles reveal details of key banks market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the United States banks market with five year forecasts
Reasons to Buy
  • What was the size of the United States banks market by value in 2023?
  • What will be the size of the United States banks market in 2028?
  • What factors are affecting the strength of competition in the United States banks market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the United States's banks market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Bank of America Corp
8.2. Citigroup Inc
8.3. JPMorgan Chase & Co.
8.4. Wells Fargo & Company
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: United States banks industry value: $ billion, 2018-23
Table 2: United States banks industry category segmentation: % share, by value, 2018-2023
Table 3: United States banks industry category segmentation: $ billion, 2018-2023
Table 4: United States banks industry geography segmentation: $ billion, 2023
Table 5: United States banks industry value forecast: $ billion, 2023-28
Table 6: United States banks industry share: % share, by value, 2023
Table 7: Bank of America Corp: key facts
Table 8: Bank of America Corp: Annual Financial Ratios
Table 9: Bank of America Corp: Key Employees
Table 10: Bank of America Corp: Key Employees Continued
Table 11: Citigroup Inc: key facts
Table 12: Citigroup Inc: Annual Financial Ratios
Table 13: Citigroup Inc: Key Employees
Table 14: Citigroup Inc: Key Employees Continued
Table 15: Citigroup Inc: Key Employees Continued
Table 16: JPMorgan Chase & Co.: key facts
Table 17: JPMorgan Chase & Co.: Annual Financial Ratios
Table 18: JPMorgan Chase & Co.: Key Employees
Table 19: JPMorgan Chase & Co.: Key Employees Continued
Table 20: JPMorgan Chase & Co.: Key Employees Continued
Table 21: Wells Fargo & Company: key facts
Table 22: Wells Fargo & Company: Annual Financial Ratios
Table 23: Wells Fargo & Company: Key Employees
Table 24: Wells Fargo & Company: Key Employees Continued
Table 25: Wells Fargo & Company: Key Employees Continued
Table 26: Wells Fargo & Company: Key Employees Continued
Table 27: United States size of population (million), 2019-23
Table 28: United States gdp (constant 2005 prices, $ billion), 2019-23
Table 29: United States gdp (current prices, $ billion), 2019-23
Table 30: United States inflation, 2019-23
Table 31: United States consumer price index (absolute), 2019-23
Table 32: United States exchange rate, 2019-23
List of Figures
Figure 1: United States banks industry value: $ billion, 2018-23
Figure 2: United States banks industry category segmentation: $ billion, 2018-2023
Figure 3: United States banks industry geography segmentation: % share, by value, 2023
Figure 4: United States banks industry value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the banks industry in the United States, 2023
Figure 6: Drivers of buyer power in the banks industry in the United States, 2023
Figure 7: Drivers of supplier power in the banks industry in the United States, 2023
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in the United States, 2023
Figure 9: Factors influencing the threat of substitutes in the banks industry in the United States, 2023
Figure 10: Drivers of degree of rivalry in the banks industry in the United States, 2023
Figure 11: United States banks industry share: % share, by value, 2023

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